Wednesday, 4 November 2015

Asian stocks get a boost from US lead, firm oil price; Equity Tips

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Asian stocks rallied early Wednesday, thanks to a positive lead from Wall Street and firmer crude oil prices.

Overnight, a fifth straight day of gains for energy counters alongside a rise in tech majors helped propel major US averages. 

The Dow Jones Industrial Average and S&P 500 ended up 0.5 and 0.3 percent respectively, while the tech-heavy Nasdaq Composite gained 0.4 percent. The Nasdaq 100 closed up 0.3 percent at 4,719.05, topping its previous record close set in March 2000 during the dotcom bubble.

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